Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, January 16 2020 - 01:52
Webb Fontaine Awarded Contract With the Ministry of Economic Development for the Republic of Maldives
MALÉ, Maldives, January 15, 2020 /PRNewswire-AsiaNet/ --

Webb Fontaine, a leading provider of solutions for trade facilitation powered 
by artificial intelligence and new generation of IT systems, has been awarded a 
five-year contract with the Ministry of Economic Development for the Republic 
of Maldives to install, configure and maintain a turnkey National Single Window 
(NSW) platform for Trade in the Maldives.

Expected to go live by end of next year, the Maldives National Single Window 
(MNSW) will streamline international trade procedures by providing an 
integrated platform for trade, transport and logistics operations. It will 
enable transparency, faster clearances, cutting cost through reducing delays 
and improve trade compliances. It will in turn optimize the processing of 
import and export information with certainty and predictability for the trade 
community in the Maldives.

The contract between Webb Fontaine and the Ministry of Economic Development for 
the Republic of Maldives is part of the country's drive towards digitization 
and is a huge step in the right direction for the trade community of Maldives.

Didier Reymond, CEO at Webb Fontaine said, "The agreement between Webb Fontaine 
and the Ministry of Economic Development for the Republic of Maldives marks a 
milestone for both parties. With the implementation of the MNSW, time and cost 
will be significantly reduced for both government agencies and private sector 
stakeholders. It will assist in eliminating inefficiencies that currently arise 
from procedures that are mostly paper-based."

The implementation of MNSW will provide the Maldives with a modern and 
effective customs administration, streamlined and transparent business 
procedures and improved merchandise trade within the private sector for small 
and medium-sized enterprises.

Honorable Fayyaz Ismail, Minister of Economic Development, Republic of Maldives 
said, "Our partnership with Webb Fontaine is a testament to our commitment as a 
country to modernize and streamline our current trade procedures. Working 
together to enhance and optimize our international trade platform will have a 
huge positive impact on the ease of doing business with the Maldives."

With over 15 offices in a variety of markets all over the world, Webb Fontaine 
has worked with different government and private entities to provide them with 
technology solutions to facilitate trade processes. Its innovative solutions 
and services are brought to life at its Research and Development (R&D) Centers 
which work across the world to ensure they are utilized correctly and 
efficiently. Located in Armenia, France and the Philippines, Webb Fontaine R&D 
centers has invested hugely in this and therefore is equipped with disruptive 
technology such as AI and machine learning to constantly develop new solutions 
for its clients. 

To learn more about Webb Fontaine and its suite of tech solutions, please 

About Webb Fontaine: 

Trusted by governments globally, Webb Fontaine provides industry wide 
solutions to accelerate trade development and 
modernization. The company uses unique technology including 
Artificial Intelligence to enable countries to emerge 
as leaders in the future of trade. 

Knowledge transfer is at the core of Webb Fontaine; comprising of a team 
of experts  who work across the world, empowering local communities 
and governments. 

As an industry leader with the largest R&D centres in the industry, Webb 
Fontaine is constantly developing international trade practices connecting 
countries, borders and people. 

For more information visit 

Source: Webb Fontaine